Case Studies

UK Bank Enhances Intraday Risk Management with Quantifi

As one of the UK’s leading and most sophisticated banks the client provides a range of comprehensive banking and financial markets services to over 25,000 customers - predominantly FTSE 100 companies. In 2009 the client selected Quantifi as the front-office pricing tool for their Structured Credit business. Over the course of the next 2 years their usage of Quantifi expanded and they adopted Quantifi's risk platform to provide them with a consolidated view of risk across their entire credit trading business.

"Senior management within the firm required a consolidated view of risk and P&L to ensure an
awareness of, and accountability for the risks taken across their multiple business units."

The Challenge

With a complex infrastructure of proprietary and third party front and back office systems, a key challenge for the client was producing timely and accurate risk reporting. Senior management within the firm required a consolidated view of risk and P&L to ensure an awareness of, and accountability for the risks taken across their multiple credit business units. To do this they required a solution that would provide a single view of exposure by taking input from the various systems.

Selection Process

In 2009 the client selected Quantifi as the front-office pricing tool for their Structured Credit business. Over the course of the next 2 years their usage of Quantifi expanded and they adopted Quantifi's risk platform to provide them with a consolidated view of risk across their entire credit trading business.

Business Requirements

The client required a sophisticated system that would deliver independent, timely and consolidated risk reporting and seamlessly integrate with their complex environment. Key requirements included accurate risk analytics, consolidated intraday reporting, real-time trade interface, mulit-currency support in valuation and reporting, and a cost effective implementation.

Business Outcome

With Quantifi, the client has access to open, scalable solution that automates the day-to-day valuation and risk management processes. Quantifi's proven, market leading models provide stable and accurate results in a fraction of the time previously possible.